If the vacating tenant has been a long-term tenant, and you had a good relationship, simply ask him. I bet over the years he’s followed the neighborhood and knows from friends and fellow renters. He can tell you if he thinks you should charge more or less. Feedback from your vacating residents should be…
Question One: I am concerned with California’s urgent request for water rationing, where I might get fined for the acts of my tenants. My tenants do not pay for water and therefore there is no incentive to conserve. What steps should I take?
Property security is an aspect of property management operations often overlooked and not budgeted for. Properties typically need security for: transient removal, trespassing, illegal dumping, vandalism, theft, alarm response, illegal camping, and criminal issues on site (like drug dealing for example). Property owners and managers can choose to implement a variety of strategies to improve…
No landlord likes to evict a tenant even if he or she has had enough and the tenant deserves to be evicted. It is a lot of trouble and takes a lot of time and energy, not to mention lost rent and court filing fees. But when you do evict, make sure to do it…
Hello everybody. Recent changes to our laws pertaining to discrimination, easements and resident managers will impact all owners of apartment buildings and management companies. My column this month addresses those changes in a cursory fashion, but will alert readers to the problem areas so that they may seek specific legal advice should they feel the…
If you don’t do this, you will likely never, ever be wealthy. You will work until your health collapses and be dependent on the whims of Washington bureaucrats. Quite possibly, you’ll die broke.
While economists may quibble about the effects of minimum-wage hikes, there’s no such debate about rent control’s adverse effects.
There is both empirical and supporting statistical data indicating that interest rates might stay relatively low over the next ten years. There will be an overall uptrend (with fluctuations), but interest rates a decade from now are projected to be less than the average since 1956. We’ll first discuss the data and then use what…
How can I encourage my tenants to conserve water? One way to encourage your tenants to save water is to make them responsible for their water bill. If your tenants are on a month-to-month rental agreement and have a separate water meter, then you may issue a Thirty (30) Day Notice of Change in Terms…
The importance of teamwork cannot be overstated or emphasized enough. Yet sometimes, boundaries are so clearly drawn regarding the role or “job description: of each staff member, that those who desire to “go the extra mile” are forced to remain at the starting line and watch prospects and residents “fall through the cracks.